Question: 1.1 Three- Period Moving Average Method Period Sales ($ Millions) Forecast Error Absolute Error Squared Error Percentage Error 1 11 2 9 3 8 4
1.1 Three- Period Moving Average Method
| Period | Sales ($ Millions) | Forecast | Error | Absolute Error | Squared Error | Percentage Error |
| 1 | 11 |
|
|
|
|
|
| 2 | 9 |
|
|
|
|
|
| 3 | 8 |
|
|
|
|
|
| 4 | 11 |
|
|
|
|
|
| 5 | 10 |
|
|
|
|
|
| 6 |
|
|
|
|
|
|
|
|
|
|
| MAD | MSE | MAPE |
What is the forecast for Period 6 using the Three-Period Moving Average?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
